#7 - Liquid Media Group (NASDAQ:YVR)
If you remember the cheat codes for getting double bullets when you played Space Invaders on your Atari gaming platform, Liquid Media Group (NASDAQ:YVR) may be the stock for you. The company is the only Canadian-based entertainment company that is listed on an American stock exchange.
The company is expecting to launch its Red Carpet NFTs in May. This is supposed to feature famous faces from movies and television. Furthermore, the company already has a prebuilt NFT marketplace.
However, Liquid Media has also signed a distribution agreement with Atari. This is opening up speculation that the company could turn its games into NFTs. And the company is also partnering with Currencyworks (NASDAQ:CWRK) creating its own multi-token intellectual properties platform that will also make it a player in the NFT market.
However, it has to be stated that Liquid Media is yet another penny stock on this list. But with its opportunities in the NFT market, there is an opportunity for risk-tolerant investors.
About Liquid Media Group
Liquid Media Group Ltd. is a media and entertainment company, which engages in content IP spanning creative industries. It develops, produces, and distributes content across channels, and platforms. The firm operates through the following segments: Film and Video Games. The company was founded on February 4, 1986 and headquartered in Vancouver, Canada.
- Current Price
- $0.00
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
As this presentation shows, the NFT market is loaded with potential. However, whenever you have an asset class where the value of a particular asset is wholly determined by another party's willingness to pay for it, there's bound to be volatility. And this market has its critics.
On the other hand, early adopters see NFTs as a solution for digital artists to level the playing field by allowing them direct ownership of their work. It's also another way to bring blockchain technology into the mainstream which would be bullish for cryptocurrency.
That being said, many investors will be attracted to the NFT market because there may be no better way for them to accumulate wealth. However, while the story of a tweet selling for millions of dollars grab the headlines, it will be an accumulation of much smaller transactions that will drive the growth of this market. And if companies being to see that there is market, NFTs may become very commonplace which will make several of these stocks very attractive.
More Investing Slideshows:
